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Bitcoin Price Watch: BTC Could Correct Lower Before Fresh Rally - Coins On News
Bitcoin price rallied towards the $3,750 level and later started a downside correction against the US Dollar. There is a key bearish trend line formed with resistance at $3,640 on the hourly chart of the BTC/USD pair (data feed from Kraken). The price is likely to correct lower towards the $3,550 or $3,500 support levels before a fresh rally. Bitcoin price climbed higher and settled above the $3,500 resistance against the US Dollar. BTC is currently correcting lower, but dips remain supported above the 100 hourly SMA. Bitcoin Price Analysis In the weekly analysis, we saw a solid upward move